Now imagine the country you are shipping (Country X) is not tax free and you would need to estimate landed cost. Given the information below, please answer the question. All costs are in USD. Country of import is FOB country

Cost of item Ex-Works= 900

Cost of packaging=40

Deliver to port=80

Loading on the vessel=19

Freight costs=145

Insurance cost=16

Customs duty=15%

VAT=18%

What is the FOB value for your product as it enters Country X?

What is the GST tax on the import of your product into Country X?

What is the VAT Taxable Value for the importation of tyour product?

What is the cost of the duty for the importation of the surfboard into Country X?

What is the Landed Cost of the importation of your product into Country X?

What is the Landed Cost if Country X is CIF country?